Brief: Pacific Coast Oil Trust Says There Will Be No November Cash Distribution

Pacific Coast Oil Trust

05/11/2020 22:26

Nov 5 (Reuters) - Pacific Coast Oil Trust  ROYTL.PK :
    * PACIFIC COAST OIL TRUST - THERE WILL BE NO NOVEMBER CASH
DISTRIBUTION
    * PACIFIC COAST OIL TRUST - BASED ON INFORMATION FROM PCEC,
LIKELIHOOD OF DISTRIBUTIONS TO UNITHOLDERS IN FORESEEABLE FUTURE
IS EXTREMELY REMOTE
    * PACIFIC COAST OIL TRUST - ENGAGED AN ACCOUNTING EXPERT TO
ADVISE
TRUSTEE REGARDING ACCRUALS THAT PCEC HAS BOOKED RELATING TO ARO
ESTIMATED BY PCEC
    * PACIFIC COAST OIL TRUST - PCEC'S PRODUCTION HAS BEEN
REDUCED BY
ROUGHLY 20% SINCE BEGINNING OF CRISIS

Source text for Eikon:  ID:nBw320r5La 
Further company coverage:  ROYTL.PK 

 ((Reuters.Briefs@thomsonreuters.com;))